[SMM midday review] April 17 Guangdong copper spot market express: Guangdong out of stock situation has not improved, rising water continues to rise

SMM4, March 17: Guangdong electrolytic copper spot contract for the current month, the average price rose 40%; wet copper rose 120% to 130%, the average price rose 30%. The average price of electrolytic copper rose 810 yuan / ton to 42485 yuan / ton, and the average price of wet copper rose 800 yuan / ton to 42425 yuan / ton. Spot market, Guangdong spot market today continues the recent shortage of goods, holders of odd goods can adhere to high water delivery, flat water copper rose to 170 yuan / ton is still difficult to obtain, good copper is up to 200 yuan / ton, wet copper due to shortage and flat water copper quotation narrowed to 40 yuan / ton. We expect that the shortage in Guangdong will still be difficult to alleviate effectively in the short term, and we expect to maintain a high level of water next week, but we need to pay attention to the outflow of warehouse receipts.